On this episode of Ask Suze & KT Anything, Suze answers questions about settling student loan debt in default, trust beneficiaries, mortgage interest, cost of living adjustments and more!
On this episode of Ask Suze & KT Anything, Suze answers questions from you all about buying employer’s stock, mortgages, retiring outside the US and more.
On this episode of Ask Suze & KT Anything, Suze answers questions from you all about a retirement withdrawal strategy, tax savings in a trust, just what IRMAA is and more.
Potential homebuyers are facing a double affordability whammy.
On this episode of Ask KT & Suze Anything, Suze answers questions from listeners about Series I Bonds, Collecting Social Security, 401(k) matches, refinancing mortgages, finding the right financial ad
On this podcast, Suze explains how recasting your mortgage can help you in the short and long terms. We also get updates about how inflation will affect your Social Security checks and bonds.
For this podcast, we’re going to revisit an episode from February 2020, where Suze shared stories of different correspondences she had with listeners about the importance of how to manage our money.
On this podcast of Ask Suze (and KT) Anything, Suze answers questions from Women & Money listeners Brent, Beth, Lena, Dereck, Mo, Rena and Tiffany, selected and read by KT. Plus, a quizzie for KT.
On this edition of Ask Suze (and KT) Anything, Suze answers questions from Women & Money listeners Maritza, Serena, Christine, Lauren, Lisa and more, all selected and read by KT.
On this podcast of Ask Suze (and KT) Anything, Suze answers questions from Women & Money listeners Anthony, Nancy, Nina, Beth, Jasmine, Gayle, Shirley, Dan & Diane, Monica and Emily, read by KT.
On this podcast of Ask Suze (and KT) Anything, Suze answers questions from Women & Money listeners selected and read by KT. We hear from Marque, A Big Fan, Lauren, Debbie, Julie, Deedee, and more.
On this podcast, Suze reflects on the life of Ruth Bader Ginsburg and how our world has turned upside down. What can we do to make sure we’re strong emotionally and financially?
In this podcast, Suze outlines four key upcoming dates that will have an effect on many people’s financial security.
In this podcast of Ask Suze Anything, once again, Suze groups together questions coming in from Women & Money listeners about this volatile time in the stock market.
In today’s podcast, Suze shares stories of correspondence she’s been having with Women & Money listeners and takes us to Suze School on the importance of knowing how to manage your money.
Previously, I made the case for how you can refine your spending choices today so you have more money to put toward retirement goals.
In this podcast of Ask Suze Anything, we hear questions from Women & Money listeners Dawn, Diana, Eric, Maria, and Barbara.
If you’re within 10 or 15 years of retiring I know that it’s likely you have every intention of staying put in your current home when you retire. “Aging in place” is a very popular goal.
In this special July 4th episode of Ask Suze Anything, Suze answers questions from Women & Money (and the men smart enough to pay attention) listeners Joe, Kathy, Gina, and Danielle.
In this episode, Suze talks about her recent one-woman show at the Apollo Theater in New York City and reflects on a question she received from the audience.
If you are planning on buying a home in the next few months, I bet you are already spending plenty of time checking out online listings.
Most homebuyers choose a 30-year fixed rate mortgage. There’s nothing wrong with going the conventional route and spreading your payments over 30 years. But I wish more people would take out a 15-year mortgage instead.
Over the past few months mortgage rates have begun to rise a bit. And the expectation is that they may continue to drift higher throughout 2017. While there’s no question mortgages now cost more, I want anyone thinking of buying a home, or refinancing, to not over-react to higher rates. Keep in mind:
In late July, the 3.4% average rate for a 30-year mortgage was near the historic low set in 2013. That’s great news for so many homeowners who were unable to refinance back in 2013 because they didn’t have the 20% equity that most lenders require for the best refi deals. Fast-forward to today and home values are up an average of nearly 30% since early 2013. That means plenty of homeowners can now-finally-refinance at today’s great rates.
There are two potentially large tax breaks that come with buying a home. But listen to me: I never think it is a good idea to factor in the tax breaks when deciding if you are ready to buy your first home. Nor do I ever want anyone to decide on a mortgage budget based on the after-tax net cost. Here’s why:
It takes a hefty wad of money to get a mortgage. It’s typical for all the fees associated with securing a mortgage—called Closing Costs-to add up to 2% or more of the loan. That’s a stiff $4,000 or so on a $200,000 mortgage.
Lenders like to give home borrowers choices when it comes to their mortgage rate. You’ll always be presented with a standard rate: what you qualify for based on how the lender sizes up your financial profile (credit score, income, debts etc.) And then you will also be presented with some options to “buy down” or reduce that interest rate.
My absolute best advice is to strive to make a 20% down payment when you buy a home. I know that can be a lot of money. But hear me out. What you need to understand is that a small down payment can end up costing you big time.
It amazes me that so many homebuyers who spent weeks, if not months, hunting around for the best home, don’t shop around as diligently for the best mortgage. According to the Consumer Financial
If you have a child or grandchild who is going to get paid for work this summer, I want you to consider a way to gift them a valuable retirement stake.
Nobody likes to see the value of their investment accounts fall, but whether it’s a correction (a drop of at least 10% but less than 20%) or a full-on bear market (a decline of 20% or more) the reality is that markets go through rough periods. Always have, and always will.
With the Spring home buying rush just around the corner, I want to make sure that you don’t buy into a very big mistake.
Whether you are buying a home or refinancing an existing mortgage, new federally required disclosure documents make it easy-yes, I said easy-to be a super smart mortgage shopper.
A new survey makes me sad, mad and very nervous. According to Bankrate.com, 37% of parents with children under the age of 18 have no life insurance. And even the parents with life insurance aren’t really protecting their family, as one-third have policies with death benefits that do not exceed $100,000. That may sound like a lot of money, but it’s woefully little once you sit down and run the numbers.
You know I love, love, love Roth IRAs. One of the prime reasons being that in retirement you will not owe a penny of tax on your withdrawals. That’s quite different from a Traditional IRA where every penny will be taxed at your ordinary income tax rate.
As a nation we set aside one day a year to formally celebrate our independence. When it comes to your money my hope is that you will make every day, not just July 4th, a day where you make conscious decisions that will help you build financial independence: a life where you are in control of your money, and not vice-versa.
Your Social Security retirement benefit is one of the most valuable pieces of your retirement plan. Not only will it likely account for a large portion of your income when you retire, but it also has an incredible feature: your annual benefits increase with inflation. Your 401(k) and IRAs don’t come with such a great guaranteed inflation-protection feature.
It’s no secret that money can be a serious wedge issue for couples. Survey after survey reports that when couples argue, finances are often at the heart of the discord. Here’s how every couple can lay the groundwork for financial compatibility.
When it comes to big-ticket purchases, it gets no bigger than buying a home. That makes it seriously important to avoid costly mistakes. Here are four expensive home-buying mistakes I want you to steer clear of. Follow my advice and you could save tens of thousands of dollars and ensure you will never be house poor:
The recent rise in housing prices and the decrease in supply in certain parts of the country have some people willing to spend every nickel they have to get into the market now. But Suze Orman warns hopeful homebuyers not to be hasty and end up house poor.
The career of Suze Orman was recently celebrated with a special three-hour interview with the Television Academy Foundation’s Archive of American Television